4 ms·
How can a startup operating what is essentially a marketplace (Uber doesn't directly employ the driveres nor owns their cars) get a 20% cut on every transaction
by thepangolino 5y ago
How can a startup operating what is essentially a marketplace (Uber doesn't directly employ the driveres nor owns their cars) get a 20% cut on every transaction and still lose money?
- Vanit 5y agoBy not charging the users full price until they've driven all other players out of business through undercutting.
- spywaregorilla 5y agoCosts a lot to keep the supply of drivers there. Consumers don't want to pay prices high enough to justify the gig model. Overhead is fairly high due to many failed attempts at growth and legal and tech and what not.
- rajacombinator 5y agoPour infinite money into AI-magic engineering projects.